‎Al-Baha fully offsets accumulated losses

Al-Baha Investment and Development Co.announced in a statement to Tadawul that it reduced its accumulated losses to 0% of capital after a capital reduction.

The company reduced its capital to offset its accumulated losses by 100%. It also retained earnings of SAR 913,600 as per financial results on Dec. 19, 2024.

Shareholders approved, during the general meeting held on Dec. 19, the board recommendation on a capital reduction by 26.5% from SAR 297 million to SAR 218.30 million, to offset SAR 78.71 million in accumulated losses that reached SAR 79.97 million as on June 30, 2024.

Al-Baha Investment and Development Co.announced in a statement to Tadawul that it reduced its accumulated losses to 0% of capital after a capital reduction.

The company reduced its capital to offset its accumulated losses by 100%. It also retained earnings of SAR 913,600 as per financial results on Dec. 19, 2024.

Shareholders approved, during the general meeting held on Dec. 19, the board recommendation on a capital reduction by 26.5% from SAR 297 million to SAR 218.30 million, to offset SAR 78.71 million in accumulated losses that reached SAR 79.97 million as on June 30, 2024.